Brady Christensen - Equitable Advisors

Happy New Year! It's hard to believe how fast this year past, but it's not hard to believe that 1 in 5 Americans have inactive 401(k)s worth thousands of dollars. Here are the first few steps on locating an old balance.

1. Contact your old employer's HR department
2. Check old 401(k) statements for account details
3. Use look-up databases like the National Registry of Unclaimed Retirement Benefits or the National Association of Unclaimed Property Administrators
4. Check the Department of Labor's abandoned plan database

Once you've located your plan, you can:
🔁 Request a direct rollover to your new employer's plan
💼 Transfer the funds into an existing IRA
🤔Cash it out (but beware of taxes and penalties)



Source:

1 in 5 Americans have inactive 401(k)s worth thousands of dollars—here's how to reclaim yours Rolling over an old 401(k) into a new plan can be a pain, but it's typically worth the hassle.

Last week I finally got to see my brother after 2 years of his missionary service 🙌🏻

Spent a lot of time on calls talking about sports, family and life and I’m excited to transition that to in person.

It’s moments like these that remind me how important family is and how grateful I am to have him in my life!

Grateful to have a job that allows freedom to take time off for moments like this.

We always hear about the power of a Roth IRA

I would love to get into the benefits… but I’ll touch up on that later.

The main road-block for most people on having a Roth IRA is… setting one up in the first place.

Roth IRA’s offer a lot of flexibility in term of when and how much you can contribute.

You might want to start with $500 a month.

Or maybe $50 a year.

Whatever you prefer depending on your preference or financial situation.

Most people are pretty surprised on how simple it can be to start.